Residential Property Auctions are an efficient and cost effective way of selling property. Through effective marketing and advertising, auctions can offer a high degree of certainty that a sale will be achieved on a given day and, more importantly, on the fall of the hammer an immediate binding contract is formed, with completion taking place within as little as 28 days.

There are any number of reasons why people may be drawn to buying a house at auction in relation to residential properties.

First and foremost would be a home to live in as a primary residence. This is ideal for people currently renting, who can potentially buy a home and have monthly mortgage payments that are actually less than the rent they are paying now.

Another reason may be as an investment property, where the home would be purchased, fixed up if necessary, and then rented out for the cash flow and potential price appreciation.

Alternatively, it may be purchased to "fix and flip" whereby the plan is to buy it well below market value (BMV), complete any necessary improvements quickly and cheaply, and flip it to a buyer at or near the market price.

Whatever the reason a buyer looks to purchase through house auctions, the opportunities can be very rewarding. Those buying a home will find themselves able to target properties priced to sell rather than sit in estate agents windows for months on end.

NEVER buy a property that you have not seen, however tempting the price may seem. Some properties are sold at auction for what appears to be a fraction of their true value. There is nearly always a reason for this and so doing your homework on the property prior to the auction is essential! You can print off our property viewing checklist to help you remember some of the key questions that you will need to ask.

UK Auction List covers countrywide property auctions, however you can use our property search tool to specifically find residential property auctions only. Simply tick the following search criteria boxes: “Houses”, “Residential” and “Flats/Maisonettes” to display all the residential property for auction in the UK that we have in our property database. Moreover, if you’re interested in a particular location, you can select the region or county using the map on our homepage or the search tool to the left.